Examiner Calls For More Time To Probe New Century

Law360, New York (January 9, 2008, 12:00 AM EST) -- An examiner appointed by a bankruptcy court to probe New Century's accounting practices has urged the court for more time to complete his investigation, blaming the lender and its auditor for frustrating his efforts to get at the truth.

The examiner, Michael Missal, who has already been granted one extension, told Judge Kevin Carey, of the U.S. Bankruptcy Court for the District of Delaware, on Tuesday he had encountered “significant delays” in obtaining documents from New Century and auditor KPMG LLC and needed another three months...
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